Analysts Set AGCO Co. (NYSE:AGCO) PT at $117.80

Shares of AGCO Co. (NYSE:AGCO) have received a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $117.80.

AGCO has been the subject of several analyst reports. Robert W. Baird dropped their price target on shares of AGCO from $139.00 to $129.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Barclays cut their target price on AGCO from $145.00 to $110.00 and set an “equal weight” rating on the stock in a report on Thursday, July 18th. Citigroup lifted their price objective on AGCO from $88.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. StockNews.com downgraded shares of AGCO from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, BMO Capital Markets initiated coverage on shares of AGCO in a research note on Friday, August 9th. They set a “market perform” rating and a $96.00 target price for the company.

AGCO Trading Up 1.4 %

NYSE AGCO opened at $101.85 on Tuesday. AGCO has a twelve month low of $84.35 and a twelve month high of $130.26. The business’s fifty day moving average is $94.29 and its 200 day moving average is $100.54. The company has a quick ratio of 0.72, a current ratio of 1.52 and a debt-to-equity ratio of 0.89. The company has a market cap of $7.60 billion, a price-to-earnings ratio of 6.89, a price-to-earnings-growth ratio of 0.91 and a beta of 1.25.

AGCO (NYSE:AGCO) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $2.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.90 by ($0.37). AGCO had a net margin of 3.13% and a return on equity of 21.17%. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.48 billion. During the same period in the prior year, the company earned $4.29 EPS. The business’s quarterly revenue was down 15.1% compared to the same quarter last year. As a group, sell-side analysts expect that AGCO will post 8 EPS for the current fiscal year.

AGCO Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Friday, November 15th. AGCO’s payout ratio is 7.85%.

Insider Buying and Selling at AGCO

In other news, Director Lange Bob De acquired 1,420 shares of the business’s stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $87.91 per share, with a total value of $124,832.20. Following the acquisition, the director now directly owns 7,007 shares of the company’s stock, valued at $615,985.37. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Michael C. Arnold purchased 1,800 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were bought at an average price of $87.69 per share, with a total value of $157,842.00. Following the acquisition, the director now owns 20,465 shares of the company’s stock, valued at $1,794,575.85. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lange Bob De purchased 1,420 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average cost of $87.91 per share, for a total transaction of $124,832.20. Following the transaction, the director now directly owns 7,007 shares in the company, valued at approximately $615,985.37. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 16.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AGCO

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. lifted its position in shares of AGCO by 28.6% during the first quarter. Sei Investments Co. now owns 63,831 shares of the industrial products company’s stock worth $7,853,000 after acquiring an additional 14,201 shares in the last quarter. Great Valley Advisor Group Inc. raised its holdings in shares of AGCO by 30.0% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 31,039 shares of the industrial products company’s stock valued at $3,038,000 after acquiring an additional 7,171 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of AGCO by 575.9% during the first quarter. Acadian Asset Management LLC now owns 41,664 shares of the industrial products company’s stock worth $5,125,000 after purchasing an additional 35,500 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in AGCO by 146.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 85,658 shares of the industrial products company’s stock valued at $10,538,000 after purchasing an additional 50,892 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of AGCO by 377.0% in the 1st quarter. Cetera Investment Advisers now owns 17,695 shares of the industrial products company’s stock worth $2,177,000 after buying an additional 13,985 shares during the last quarter. Institutional investors own 78.80% of the company’s stock.

AGCO Company Profile

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses.